This report helps to analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Vehicle Telematics Market.The global vehicle telematics market size is projected to be worth USD 231.63 billion by 2025 driven by the rising demand for smart connectivity coupled with increasing penetration of Internet of Things (IoT).Lucrative growth of the commercial vehicles market paired with the rising demand for connected vehicles is expected to boost the market for telematics over the forecast period.
Automobile manufacturers are demanding for integrated solutions such as fleet management services to track the position of vehicles, the distance covered, and the route on which the vehicles are moving.
Logistic companies are shifting from traditional systems to telematics as these systems provide accurate data in real time and help guide the driver in case of any emergencies.
To establish high-speed communication via telematics, the need for supporting technologies is projected to spur investment in development of 5G enabled devices, owing to which we estimate that the share of 5G technology used for vehicle telematics is projected to exceed USD 30 billion in terms of revenue.
Such partnerships are opening new business opportunities and assist market leaders in gaining competitive advantage in the market.Access the complete Global Vehicle Telematics Market report with TOC & List of Tables @ https://www.adroitmarketresearch.com/industry-reports/vehicle-telematics-marketNorth America dominated the global vehicle telematics market and is expected to account for more than a third of the telematics market share by 2025.
This is due to growing vehicle production along with raising car theft in the region.Major players operating in vehicle telematics market include Inseego Corporation, LG Electronics Inc., HARMAN International Industries, Inc., BOSCH, Continental AG, Denso Corporation, Magneti Marelli S.p.A., Visteon Corporation, Fujitsu Ten Limited / DENSO Ten Limited, Peiker Acustic GmbH & Co. KG, Novero, Ficosa Internacional SA, Huawei Investment & Holding Co., Ltd., Flaircomm Microelectronics, Inc., PTC, Inc., Zonar Systems, Inc, Trimble Inc., Verizon Telematics, Inc., MiX Telematics, AirIQ Inc., Omnitracs, LLC, Masternaut Limited, Octo Telematics S.p.A., TomTom NV, and Volkswagen AG.Enquiry before buying Global Vehicle Telematics Market report @ https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/62Key Segments of the Global Vehicle Telematics MarketType Overview, 2014-2025 (USD Million)SolutionsFleet/asset ManagementNavigation & Location-based SystemsInfotainment SystemsInsurance TelematicsSafety & SecurityRemote Alarm & Incident Monitoring SolutionsV2XOthersServiceIntegration & DeploymentConsulting & DesignMaintenance & Training ServicesVehicle Type Overview, 2014-2025 (USD Million)Passenger CarsCommercial VehiclesProduct Overview, 2014-2025 (USD Million)HardwareSoftwareProvider Overview, 2014-2025 (USD Million)AftermarketOEMsBandwidth, 2014-2025 (USD Million)2G/2.5G3G4G5GRegional Overview, 2014-2025 (USD Million)North AmericaUSCanadaEuropeUKGermanyAsia PacificSouth KoreaJapanIndiaChinaLatin AmericaBrazilMexicoMiddle East & AfricaAbout Us:Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018.